Salem Rotary Foundation
- Assets
- $182.1k
- Revenue
- $98.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OH
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 34-1794575
Organization Overview
Salem Rotary Foundation is located in Salem, OH. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Rotary Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Salem Rotary Foundation generated $98.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $94.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Salem Rotary Foundation has awarded 51 individual grants totaling $475,806. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Ws Hays President | 1 | $0 | |
Frank A Zamarelli Jr Treasurer | 1 | $0 | |
Geoffrey S Goll ESQ Secretary | 1 | $0 | |
Shelby Mingus Vice President | 1 | $0 | |
Alma G Apicella Trustee | 1 | $0 | |
Dr Peter L Apicella Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,149 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,135 |
| Total operating and administrative expenses | $2,135 |
| Contributions, gifts, grants paid | $92,219 |
| Total expenses and disbursements | $94,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,775 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $130,354 |
| Total assets | $182,129 |
| Accounts payable and accrued expenses | $36,448 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,448 |
Grants Awarded
Over the last fiscal year, Salem Rotary Foundation has awarded $92,219 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY CLUB OF SALEM OHIO PURPOSE: PAY IT FORWARD PROGRAM | $4,000 |
ROTARY CLUB OF SALEM OHIO PURPOSE: STUDENT TUITION | $250 |
ROTARY CLUB OF SALEM OHIO PURPOSE: SPONSOR 2 STUDENTS AT RYLA LEADERSHIP CONFERENCE | $850 |
SALEM AREA CHAMBER OF COMMERCE PURPOSE: SALEM BEAUTIFICATION COMMITTEE | $350 |
ROTARY CLUB OF SALEM OHIO PURPOSE: DONATION TO ESTABLISH A FAMILY RECREATION AREA AT WATERWORTH MEMORIAL PARK IN SALEM, OHIO | $65,800 |
SALEM CITY SCHOOLS PURPOSE: GOLDEN APPLE AWARD | $500 |